PAG News

(Hong Kong, Shanghai, 31 October 2018) – Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or “the Group” or “the Company”, HKEx: 2318; SSE: 601318) delivered Hong Kong’s first blockchain-based international trade finance platform, eTradeConnect, which is initiated by seven founding banks in Hong Kong and facilitated by the Hong Kong Monetary Authority (“HKMA”). OneConnect, a fintech subsidiary of Ping An, was appointed by the founding banks through Hong Kong Trade Finance Platform Company Limited as the technological provider to help design, develop and deploy the platform.

At a ceremony in the Hong Kong Fintech Week event today, the Hong Kong Monetary Authority announced the official launch of eTradeConnect, initially connecting 12 joining banks with some of their trade finance pilot clients to share trade information with the use of blockchain technology.

Representing OneConnect, Ping An Group Deputy CEO, COO and CIO, Jessica Tan said: “OneConnect is proud to have helped deliver Hong Kong’s first blockchain-powered trade finance platform. This is also a first for the Asia Pacific region, which is a credit to the HKMA and banking industry.”